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4/22/2011

Solvay Agrees to Buy Rhodia, Combines Its Plastics Units

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Solvay of Brussels, Belgium, signed an agreement last month to offer a friendly cash offer for Rhodia of Paris, France.

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Solvay of Brussels, Belgium, signed an agreement last month to offer a friendly cash offer for Rhodia of Paris, France. Rhodia is known particularly for its nylons, which Solvay does not produce.

Meanwhile, Solvay combined its Solvay Advanced Polymers (high-performance engineering resins), Solvay Solexis (fluoropolymers), SolVin PVDC (barrier resin), and Solvay Padanaplast (crosslinkable PE and olefin elastomers) into a new unit called Solvay Specialty Polymers. They will be integrated into a single global enterprise by the end of the year.

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